Article Tools

Russia: Stable Outlook, Lower Growth Rates

Published: August 17, 2013; 13:36 · (Vindobona)

The rating agency Fitch reiterates the “BBB” rating for Russia. The outlook remains stable. However, Russia´s GDP forecast had to be lowered.

Russia: Stable Outlook, Lower Growth Rates / Picture: © Flickr

Fitch Ratings has affirmed the long-term foreign and local currency issuer default rating at “BBB”. According to Fitch, Russia records “strong sovereign and external balance sheets”. Russia´s public debt quota came at 10.5% at the end of 2012. Net foreign assets amounted to at 24% of GDP in 2012. This year, Russia´s expected budget deficit is 1.0% of GDP.

One of…

This article includes a total of 251 words.

or Log In

Fast News Search